For more than a decade, we’ve been quietly building an endowment for our children.
To relieve the pressure on St. Mary’s Catholic School to continuously raise money for its own day-to-day operations, the Foundation is gradually assuming those duties. Currently, the school’s own fundraising addresses the immediate needs of operation, but as those funds go directly to the schools budget, they are not being invested for long-term benefits.
Once the Foundation is able to sustain the school in the long term, the school’s independent fundraising efforts can be directed toward academic initiatives and special project drives, such as new playground equipment, technology, or field trips.
The Giving Power of Immediate Need Donations vs. Endowment Fund Donations
Immediate Need Donation
You generously give $100.
Your $100 helps a disadvantaged child access a quality, Catholic education that will affect him or her for a lifetime.
Your $100 replaces a few burned out light bulbs at St. Mary’s, enabling the school building’s day-to-day operations to support the students’ learning.
Endowment Fund Donation
You generously give $100.
Your $100 is added to the Foundation’s growing endowment fund and invested wisely.
Since it is invested (and not immediately spent), your $100 earns interest in perpetuity. A percentage of the interest earned by your $100 is given to St. Mary’s annually. Your original $100 stays with the principal and is never spent.
Over the years, as the endowment grows, the interest earned by your original $100 is spent on helping many students access a quality, Catholic education, or purchasing many light bulbs—potentially affecting countless children in the future.
Operating, Scholarship and Administrative Funds
The Foundation’s endowment grows and maintains an operating fund, a scholarship fund, and an administrative fund. The operating fund and scholarship fund support St. Mary’s Catholic School so that it will continue to grow and be affordable to those who attend. The administrative fund provides for the expense of operating the Foundation itself. Undesignated gifts to the Foundation are split 70% to the operating fund, 25% to the scholarship fund, and 5% to the administrative fund.
The Operating Fund is a crucial part of the endowment fund, because it supports the general operations of St. Mary’s School. This fund helps with the cost of books, supplies, teacher and staff salaries and benefits, utilities, maintenance, improvements, and more.
The Scholarship Fund provides tuition assistance to qualified students and their families, thus enabling them to have access to affordable, faith-based education. The School awards the actual scholarships from the grant given them by the Foundation.
The Administrative Fund supports the day-to-day operations of the Foundation including general administrative, bookkeeping, and marketing expenses.